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U.S. wholesale stocks rise; inventories-to-sales ratio lowest in six years

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U.S. wholesale inventories increased solidly in January even as sales surged and it is taking wholesalers the shortest time in six years to clear shelves, a sign of strengthening demand that aligns with expectations for faster economic growth this year.

FILE PHOTO: Warehouse workers deal with inventory stacked up to the ceiling at an ABT Electronics Facility in Glenview, Illinois, U.S. December 4, 2018. REUTERS/Richa Naidu

Inventories rose 0.6% in January from a year earlier. Sales at wholesalers jumped 4.9% after advancing 1.9% in December. At January’s sales pace it would take wholesalers 1.24 months to clear shelves. That was the shortest since November 2014 and was down from 1.29 months in December. “Pent-up demand, particularly coming from middle- and high-income households who have been aggressively saving throughout the crisis, is set to drive consumption spending throughout the year as the health crisis begins to abate,” said Matt Colyar, an economist at Moody’s Analytics in West Chester, Pennsylvania.

Businesses are replenishing inventories after they were drawn down early in the pandemic, helping to underpin manufacturing. But a big chunk of the inventory build is coming from imports, which could keep the trade deficit elevated.

 

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'Households'? Really? Who Not anyone I know, we still can't afford a 400 dollar emergency and it's getting worse everyday.

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